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Numerica Credit Union (formerly Spokane Railway Credit Union) is a
credit union A credit union is a member-owned nonprofit organization, nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (che ...
founded in 1937. Numerica serves the
Spokane Spokane ( ) is the most populous city in eastern Washington and the county seat of Spokane County, Washington, United States. It lies along the Spokane River, adjacent to the Selkirk Mountains, and west of the Rocky Mountain foothills, south ...
, Tri-Cities, and Wenatchee Valley regions of
Washington state Washington, officially the State of Washington, is a state in the Pacific Northwest region of the United States. It is often referred to as Washington State to distinguish it from the national capital, both named after George Washington ...
, as well as the North
Idaho Idaho ( ) is a landlocked U.S. state, state in the Pacific Northwest and Mountain states, Mountain West subregions of the Western United States. It borders Montana and Wyoming to the east, Nevada and Utah to the south, and Washington (state), ...
Panhandle A salient, panhandle, or bootheel is an elongated protrusion of a geopolitical entity, such as a subnational entity or a sovereign state. While similar to a peninsula in shape, a salient is most often not surrounded by water on three sides. Ins ...
. It is regulated under the authority of the
National Credit Union Administration The National Credit Union Administration (NCUA) is an American government-backed insurer of Credit unions in the United States, credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. deposi ...
(NCUA). As of June 2022, Numerica managed over $3.5 billion in assets and served more than 169,000 members. Numerica's headquarters are located in
Spokane Valley The Spokane Valley is a valley of the Spokane River through the southern Selkirk Mountains in the U.S. state of Washington (state), Washington. The valley is home to the cities of Spokane and its suburbs Spokane Valley, Washington, Spokane Vall ...
, Washington.


History

The credit union was founded in 1937 under the name Spokane Railway Credit Union. Initially, Numerica only served Spokane railway employees, but it expanded to serve other sectors of the transportation industry, and eventually opened its doors to all residents of Washington State and the Northern Idaho Panhandle.


Awards

In 2021, Numerica was named the Best Place to Work in the Inland Northwest in the large business category by the
Spokane Journal of Business The ''Spokane Journal of Business'' is an independent business newspaper founded in February 1986 which covers news primarily in Eastern Washington State and Northern Idaho including Spokane, Washington Spokane ( ) is the most populous cit ...
. Numerica's SBA team was honored in 2020 as Outstanding Community Lender for the
U.S. Small Business Administration The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and str ...
’s Seattle District for closing the most standard SBA loans in a fiscal year. Numerica also received the Crystal Performance Award in 2020 and 2021, an annual recognition of “industry standard-setting credit unions,” according to Raddon, the financial industry research and analysis arm of
Fiserv Fiserv, Inc. ( ) is an American multinational corporation, multinational financial technology company headquartered in Milwaukee, Wisconsin. Fiserv provides financial technology and services to clients across the financial services sector, incl ...
. The credit union was selected based on an analysis of key performance metrics focused on service, member relationships, sales, and other areas as observed within the Performance Analytics program from Raddon.


See also

* Cannabis banking in Washington (state)


References


External links


Numerica Credit Union web site
Credit unions based in Washington (state) Spokane Valley, Washington {{bank-stub